I own $30,000 of this in my IRA. In looking at the top 10 holdings (Dec 07), one has to wonder what these people were thinking when they added Motorola? Comcast? Come on! Anyone with a brain knows that Comcast is a no growth stock getting squeezed on the TV end by satellite which offers a much better signal to all the new digital TV's and even by Verizon. That stock is dead money now and forever. Its time has come and gone. Don't even get me started on Motorola! Too much competition in that space.
I understand that this is a large cap value focused fund but just becasue a stock is done 30,40,50 percent does not make it a value stock worth owning. They've got to look at the landscape and pick stocks that are values because they have UNFAI.RLY beaten down, not just beaten down. Do they have future? Not these two picks and that makes me question their whole process.
I hope these people start taking a look at where the opportunities in a company are in the future, not just where they were in the past, before adding a security to the portfolio. I will give them a little longer and then if they don't get their act together I'm outta there and will add to my Janus Contrarian.
mtnbythelak..., You are so astute in these things that I believe you should sell this fund and run your own money. Why let premier fund managers with an excellent long term track record make the decisions when you can do so much better?
I could'nt agree more. Comcast?!, Motorola?!----HA!HA!HA!--What are they thinking? If you want to invest in large caps, why not just pick some great iconic individual stocks like McDonalds, Caterpillar, Goldman Sachs, Proctor+ Gamble, Microsoft,Chevron,Toyota,Costco,JNJ etc, etc. These fund managers like to get too cute with their picks and end up the worse for it.